Japan "Very Regretful About Korea's Request for WTO Panel Installation"
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[Asia Economy Reporter Jin-gyu Lee] On the 18th, the Japanese government expressed regret regarding the South Korean government's request for the establishment of a World Trade Organization (WTO) panel.
According to foreign media such as NHK, an official from Japan's Ministry of Economy, Trade and Industry stated, "This is a unilateral response that could render previous measures useless and is very regrettable." He also mentioned, "Issues related to trade management should be resolved through dialogue between the two countries, and we have been promoting such dialogue until now."
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Meanwhile, the Korean Mission in Geneva sent a request for panel establishment to the WTO Secretariat and the Japanese Mission in Geneva. The request for panel establishment is a measure commonly referred to as a WTO complaint. With this action, the DSB panel, which corresponds to the first instance at the WTO, will adjudicate the trade dispute between the two countries.
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